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Jan 29, 2013
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this is going to cost them tax wrshz this is going to cost them a significant weight. after they do all of that, the only thing they're going to have access to is the opportunity to apply for a green card. >> no word if undocumented immigrants will also need to walk on coals or eat fire before being considered for citizenship. for republicans the road to reform is indeed a long one, and they must start with the very basics. yesterday a top republican super pac, the american action network sent house republicans a memo outlining tonally sensitive language regarding immigration reduce. do use undocumented immigrant. don't use the word illegals. >> illegals. >> illegals. >> illegals. >> illegals. >> also, forget that you ever used the phrase anchor baby. >> it's probably not the case for an anchor baby that gets citizenship. >> what we refer to as anchor baby. >> the impact of the anchor baby industry. >> created this issue of anningor babies. >> finally, in case you were a fan of the phrase send them all back and electric fence, unlearn them quickly. no mention in the me
this is going to cost them tax wrshz this is going to cost them a significant weight. after they do all of that, the only thing they're going to have access to is the opportunity to apply for a green card. >> no word if undocumented immigrants will also need to walk on coals or eat fire before being considered for citizenship. for republicans the road to reform is indeed a long one, and they must start with the very basics. yesterday a top republican super pac, the american action network...
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Jan 29, 2013
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it's going to cost them penalties, taxes, a significant wait and then after they do all of that, the only thing they're going to have access to is the opportunity to apply for a green card. you still have to qualify for the visa you're applying for. so they would have been better off doing it the right way from beginning. and amnesty is given from the proposal in 2007 that created a brand new thing called a visa, a blanket and had to do little to qualify for it. so, look, the reason, this is not, we're not trying to punish anybody here. it's not about that we're angry at immigrants, it's about the fact that we don't want this to ever happen again and we don't want to be unfair to the people that have done it in the right way. sean, i have hundreds of people a month come to the offices talking about the fact that they have family members waiting in line to come the right way. our message cannot be come illegally because it's cheaper and quicker. on the other hand it's a reality. 11 million human beings in this country that will be here the rest of their lives and solve it-- >> they go
it's going to cost them penalties, taxes, a significant wait and then after they do all of that, the only thing they're going to have access to is the opportunity to apply for a green card. you still have to qualify for the visa you're applying for. so they would have been better off doing it the right way from beginning. and amnesty is given from the proposal in 2007 that created a brand new thing called a visa, a blanket and had to do little to qualify for it. so, look, the reason, this is...
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Jan 29, 2013
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, that do have a higher sales tax. so, you know, i get -- >> if you have a lot of tourism. >> i get the partisan line and i think louisiana has a bit of tourism. so the fact of the matter is, you know, bobby jindal represents i think as susana martinez does and others this next generation of republican leaders out there who are doing it. >> jindals -- >> they're creating the laboratory in the states which is why i go back to my point which this is not about national messaging. this is finding and accepting republicans where they are. >> you buy this as an intellectual who writes for the national review. you buy the fact that the republican party can become a coalition party, not a homogeneous right wing party? >> i think -- >> can you answer that question yes or no? >> yes. i think the republican party can succeed but if you listen to bobby jindal's speech he's asking a big question. too often he says the party is becoming fiscal conservative party. he's saying republicans aren't going to back away on their position on
, that do have a higher sales tax. so, you know, i get -- >> if you have a lot of tourism. >> i get the partisan line and i think louisiana has a bit of tourism. so the fact of the matter is, you know, bobby jindal represents i think as susana martinez does and others this next generation of republican leaders out there who are doing it. >> jindals -- >> they're creating the laboratory in the states which is why i go back to my point which this is not about national...
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Jan 29, 2013
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pay their taxes which is a critical part of this whole comprehensive approach. give them a chance to earn their way into citizenship learning english and the basics about america's history. and making sure that the amount of illegal immigrants -- amount of legal immigration that is allowed in the united states is based on the state of our economy. we are going to enshrine in here the principle when it comes to job openings americans get the first grab at it and the first opportunity and that's the way it should be. we're going to make certain beyond that there are opportunities for others and there are a variety of different ways we approach it. let me close by addressing one issue that is near and deer. it's been 12 years, 12 years since i introduced the dream act. i never gave up because when you meet these young people you can't give up. but there were some disappointing times and sad times. the last time around i met with these young people and i told them i'm never giving up on you, don't give up on us. that's what this is about. the dream act is going to b
pay their taxes which is a critical part of this whole comprehensive approach. give them a chance to earn their way into citizenship learning english and the basics about america's history. and making sure that the amount of illegal immigrants -- amount of legal immigration that is allowed in the united states is based on the state of our economy. we are going to enshrine in here the principle when it comes to job openings americans get the first grab at it and the first opportunity and that's...
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which examines state local property and sales taxes and if you're going to look at taxes let's look at all the taxes right around the nation according to the results the poorest twenty percent of americans pay an effective tax rate of eleven point one percent middle twenty percent pay nine point four percent guess how much the top one percent pay just a measly five point six percent half the rate that the poor pay in some states around the nation like washington texas florida and south dakota which had no state income taxes the poor are paying tax rates six times higher than the top one percent. this disparity has a lot to do is states moving away from progressive income taxes and towards sales taxes which are regressive since working people spend one hundred percent of their income and are thus taxed on one hundred percent of their income the billionaires on the other hand can't possibly spend all their income no matter what so they're taxed on only part of the ring conservatives want you to believe that half the nation doesn't pay taxes and that half of the nation is called takers
which examines state local property and sales taxes and if you're going to look at taxes let's look at all the taxes right around the nation according to the results the poorest twenty percent of americans pay an effective tax rate of eleven point one percent middle twenty percent pay nine point four percent guess how much the top one percent pay just a measly five point six percent half the rate that the poor pay in some states around the nation like washington texas florida and south dakota...
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Jan 30, 2013
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taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> back to "hardball." first up, texas senator ted cruz is pushing the idea that if president obama supports something, it means a weaker america. he's talking about the nominations of john kerry and chuck hagel. here is cruz speaking at an event put on by the conservative national review institute over the weekend. >> okay. we've got two pending nominations, john kerry, chuck hagel. both of whom are very prominently anti-us, less than ardent fans of the u.s. military. my view of the military and foreign policy is exactly that of reagan's, that it should be driven by the national security interests of the united states, that we should go in with clear, defined objectives, overwhelming force, and then when we're done, get the heck out. >> does anyone believe paul ryan -- ronald reagan would have taken us into a hawkish war like iraq? by the way,
taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> back to "hardball." first up, texas senator ted cruz is pushing the idea that if president obama supports something, it means a weaker america. he's talking about the nominations of john kerry and chuck hagel. here is cruz speaking at an event put on by the conservative national review institute over the weekend. >>...
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Jan 24, 2013
01/13
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and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your price? and then they just volunteer, either conservative or liberal and pay the extra little bit more and they seem happy to do it. we've only-- we're in a pretty conservative town out here in the oil fields and we've only had a few of them in. we collected $3 and we give the money to the heritage foundation and we don't pocket it we have our tips and the money, good conservative cause and it's seems to have worked out pretty good so far. and people-- although people are pretty excited about it on the internet. >> greta: all right
and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your...
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Jan 30, 2013
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going to take some of the pathetic questions that ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >>. >> sean: biggest football game of the year has not been played yet but the commercials are creating controversy. this year it's accusations of sexism and racism that are already being leveled at two ads set to air during the game. so, the question al
going to take some of the pathetic questions that ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose...
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Jan 31, 2013
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credit against their employment taxes against their w-2, instead of their income tax liability. that opens this credit to new companies who don't yet have an income tax liability. there's lots of companies we could point to, let me pick one example. denovix, a small business based in my home state of delaware, is developing instrumentation in bioresearch with a team that includes molecular biologists and engineering professionals. the managing director of denovix, fred killhorn, says the legislation we're introducing today would help that company to offset some of the costs of bringing new innovative technology-based products to market. and for that, this bill earned his strong support. he's just one of many. there's a remarkable list of outside groups, companies and organizations that have supported it. i'll mention a few. silicon valley leadership group, revolution led by steve case, the founder of aa.o.l., the delaware state chamber of commerce, the association for manufacturing technology, the american small manufacturers coalition, and bio, a national organization that supp
credit against their employment taxes against their w-2, instead of their income tax liability. that opens this credit to new companies who don't yet have an income tax liability. there's lots of companies we could point to, let me pick one example. denovix, a small business based in my home state of delaware, is developing instrumentation in bioresearch with a team that includes molecular biologists and engineering professionals. the managing director of denovix, fred killhorn, says the...
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Jan 30, 2013
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. >> this government has just introduced two new tax base which will cause people who own the oh, no, between 25 and 35,000 pounds per family. why is he choosing to put a block on the aspirations of young people who want to build their own home? >> we are encouraging people to build a own home and buy their own homes, not least by the reform of the planning system that has seen the planning guidance come from 1000 pages to 50 pages. that's why we are also encouraging the right to buy. and if honorable members opposite want to help, they might want to talk to the labour of 40s that are continually knocking people from buying the council or having association homes. >> thank you, mr. speaker. will my right honorable friend wish to congratulate the company in my constituency, but taking advantage of the capital of laos is announced and the autumn statement of purchase to 1.3 million pounds, that will create six new jobs under -- i certain to my honorable friend in welcoming that investment it is experience in campaign history logic did have an effect in bringing forward these proposals o
. >> this government has just introduced two new tax base which will cause people who own the oh, no, between 25 and 35,000 pounds per family. why is he choosing to put a block on the aspirations of young people who want to build their own home? >> we are encouraging people to build a own home and buy their own homes, not least by the reform of the planning system that has seen the planning guidance come from 1000 pages to 50 pages. that's why we are also encouraging the right to...
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02/13
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sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the country added jobs last month but not enough to buck the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimated 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been really tough sometimes. when you're home, you feel like you feel like you know i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoya find jobs the
sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly...
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Feb 1, 2013
02/13
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the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small price to pay. >> john: markos moulitsas of day dailycros. thank you so much. >> thank you. >> john: we'll be right back after the break. ♪ question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how
the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small...
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Jan 30, 2013
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...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: so call it a potential hackers haven, but chattanooga hoping to offer the fastest internet structure in the country. if that's not enough for you, they instituted a new program called geek moves that covers mortgage and moving excepts for ten lucky techs. one innovative program instituted hoping to spark a tech revolution in tennessee. here to explap is the chattanooga mayor who i think is a genius. thank you for coming on the show. we appreciate your time. >> glad to be with you. melissa: why did you decide technology was key? what made you focus on that? >> well, we had a choice of rebuilding the old electrical system that receivers the city or building something for the future, and even though it was initially more costly, we felt the future was more compelling than the past. chattanooga's an old industrial city. this is new infra
...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: so call it a potential hackers haven, but chattanooga hoping to offer the fastest internet structure in the country. if that's not enough for you, they instituted a new program called geek moves that covers mortgage and moving excepts for ten lucky techs. one innovative program instituted hoping to spark a tech revolution in...
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Jan 29, 2013
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passed a fair tax, tax consumption, not income, taxing income is counterproductive. and it does thank you for your optimistic outlook for america. needed a lift. glass half full, my friend. finally, another example of waste, fraud, and abuse. this time from louisiana. a local newspaper in danvers talking about a little-known state law that will make residents pay more at the grocery store. alysian requires that grocers markup milk prices 6% above the invoice and shipping costs, 6%. a local store called fresh market has a weekly special, gallons of milk for $2.99 each and every tuesday. not anymore. the state is worried such deals to drive competitors out of business. isn't that what free-market are about? if they want to compete, lower prices. if not, what consumers walk up the door. that's my "2 cents more." it's obvious. coming in tomorrow, president obama's says deficit reduction is not a goal unto itself. shouldn't it be? of every action. that's it for tonight on "the willis report." thank you for joining us. have a great night, and we will see right back here to
passed a fair tax, tax consumption, not income, taxing income is counterproductive. and it does thank you for your optimistic outlook for america. needed a lift. glass half full, my friend. finally, another example of waste, fraud, and abuse. this time from louisiana. a local newspaper in danvers talking about a little-known state law that will make residents pay more at the grocery store. alysian requires that grocers markup milk prices 6% above the invoice and shipping costs, 6%. a local...
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Jan 28, 2013
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the obama administration passed the tax package. on "meet the press" in the spring of 2009, geithner said the government couldn't afford to wait. >> we can leave it as it is, hope banks will earn their way out of this process over time and i am certain that would create the risk of a deeper, longer recession. again, the classic lesson in financial crises is governments wait to act, they wait too late and that means more damage to the economy, higher deficit in the future, greater cost for the taxpayer. we're not prepared to take that approach. >> it seemed like each time one crisis subsided, another cropped up, a faltering housing market, the european debt market. according to the numbers, the results have been mixed. the economy was losing an average of 651,000 jobs in the three months before geithner was sworn in. in the last three months in his, the economy added an average of 150,000 jobs. the dow has gone from 8,000 has gone now to almost 14,000. the number of unemployed has gone from 11.6 million to 12.2 million. geithner told
the obama administration passed the tax package. on "meet the press" in the spring of 2009, geithner said the government couldn't afford to wait. >> we can leave it as it is, hope banks will earn their way out of this process over time and i am certain that would create the risk of a deeper, longer recession. again, the classic lesson in financial crises is governments wait to act, they wait too late and that means more damage to the economy, higher deficit in the future,...
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Jan 29, 2013
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credit -- melissa: they would pay payroll taxes, state, local, and federal taxes. >> right. we think 55% of illegals are already paying taxes. it's not that much. their income is so much less on average, reflecting educational attainment, that even if the other 45% paid payroll tax, generally, they don't pay income tax because they are too poor. we think 80% or less educated. what the fiscal impact reflects, not so much where they are from or who they are, rather their educational attainment. unskilled immigration is costly for taxpayers even though most work. melissa: steve, thank you for your time. >> sure thing. melissa: next on "money," violent protests in egypt, the critical passageway for oil supplies could be at risk. we'll explain. plus, it tastes so good, but that grocery store frozen pizza, is it toxic for your body? one says the california pizza kitchen is deliberately poisenning consumers. i don't know. we have the details. piles of "money," but no frozen pizza though. that's coming up president ♪ have given way to sleeping. tossing and turning where sleepless
credit -- melissa: they would pay payroll taxes, state, local, and federal taxes. >> right. we think 55% of illegals are already paying taxes. it's not that much. their income is so much less on average, reflecting educational attainment, that even if the other 45% paid payroll tax, generally, they don't pay income tax because they are too poor. we think 80% or less educated. what the fiscal impact reflects, not so much where they are from or who they are, rather their educational...
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Jan 29, 2013
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. >>> and here comes the tax manual. the i.r.s. will accept 2012 tax returns starting tomorrow. that's eight days later than the agency had originally planned. the tax filing deadline got pushed back due to some changes that congress made to the tax laws to avoid the fiscal cliff. >>> also, you may want to swap out your credit card for a debit card the next time you pay for a purchase. here's why. retailers can now charge customers up to 3% more when they swipe their credit card at the checkout. these fees are all part of a settlement from the 2005 lawsuit between visa, mastercard and nine banks. ten states passed a law that bans this checkout fee. some retailers, though, are saying they're not automatically going to apply this so it's probably a good idea to check before you swipe the next time. >> you don't find out unless you go through a fine tooth comb on your account. >>> it's 4:42. less than a week ago, we had temperatures in the teens overnight. soon it's going to feel a lot more like april around here. howard is up next to tell us why. >> a consumer alert for ravens fan
. >>> and here comes the tax manual. the i.r.s. will accept 2012 tax returns starting tomorrow. that's eight days later than the agency had originally planned. the tax filing deadline got pushed back due to some changes that congress made to the tax laws to avoid the fiscal cliff. >>> also, you may want to swap out your credit card for a debit card the next time you pay for a purchase. here's why. retailers can now charge customers up to 3% more when they swipe their credit...
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Jan 30, 2013
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tax dollars and american charitable giving. and then telling them they cannot repay those investments by contributing to the u.s. workforce. is both bad policy and bad business. that's what i've been working on this issue since i rise in the senate introducing three bills in calling for the creation of a new class of green cards for immigrants to earn an advanced student agree from an american university. i was glad to see the bipartisan framework released yesterday by senators mccain, schumer, rubio, and others, which moves us towards comprehensive immigration reform, embraces of this vital core principle. i also welcome president obama's contributions to this discussion and look forward to hearing what he has to say today in las vegas. it carries a bipartisan agreement that it is -- to make room for foreign-born american educated experts who want to apply their skills, start businesses and raise their families are. at the same time went to dramatically improve s.t.e.m. education available to american citizens to fill this dra
tax dollars and american charitable giving. and then telling them they cannot repay those investments by contributing to the u.s. workforce. is both bad policy and bad business. that's what i've been working on this issue since i rise in the senate introducing three bills in calling for the creation of a new class of green cards for immigrants to earn an advanced student agree from an american university. i was glad to see the bipartisan framework released yesterday by senators mccain, schumer,...
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Jan 28, 2013
01/13
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we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not do. bill: i mentioned the senate hasn't passed a bulge net four years. bya because you asked, rich writes, how can you determine how much you will need to increase the debt ceiling without a budget? how do we understand that riddle? >> that is exactly correct. a budget process engages the entire senate, and the united states people in a national discussion of how much taxes, how much spending, how much debt we're going to be able to have and get by and do. and so that is really, really critical, and that process has been gone for four years. we are stumbling fro
we j a $650 billion tax increase we are not going to do another one. these were cuts in law and they need to be altered. the president in his debate with governor romney said the sequester will not happen, and he's got to step up and help us work our way through that, because it does cut too much, in my opinion, the defense department. they've already had a big cut. this will be another big cut. and i think it's dangerous for the defense department and will do damage in a way that we should not...
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Jan 31, 2013
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income tax nbc's kevin tibbles starts us off from there tonight. good evening. >> brian, 2013 is barely a month old and already 42 murders in the city of chicago. the latest has galvanized this city into taking action. >> no one gets a pass. >> reporter: today, chicago city officials went on the offensive. taking aim at gun violence by calling for background checks on gun buyers. >> loss of any child, in any community, in this city, is a loss to the entire city. >> reporter: moving 200 more officers from behind their desks to the streets. >> if i have to put a policeman here, 24 hours a day, 7 days a week, 365, we're going to make a point that this territory belongs to the community. >> i'm hadiya, year 2015. >> reporter: the victims have names and families. 15-year-old honor student, hadiya pendelton, has become the latest face of violence in this city. in sixth grade, she took part in an anti gang video. >> your job is to say no to gangs and yes to a great future. >> reporter: despite by laws that prohibit gunshots within city limits, more than a
income tax nbc's kevin tibbles starts us off from there tonight. good evening. >> brian, 2013 is barely a month old and already 42 murders in the city of chicago. the latest has galvanized this city into taking action. >> no one gets a pass. >> reporter: today, chicago city officials went on the offensive. taking aim at gun violence by calling for background checks on gun buyers. >> loss of any child, in any community, in this city, is a loss to the entire city. >>...
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Jan 30, 2013
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. >> sean: we're giving these jets free and tanks free and giving them $1.5 billion tax payer dollars. >>> we have to understand it's not a theology, it's an ideology and historically it's been militant. any time you have an islamic theocracy, it is going to not be tolerant of western secularism and it's going to be oppressive. they are very open about declared aggressiveness of being an enemy to our way of life. so why do we want to aid our enemies? >> sean: we aided him in coming to power which was naive. you think the abrams tank portion of this deal is worst of it. you flew f-16s? >> it's a formidable weapon. air to ground, air to air fighting, no tactical fight they're has has all sorts of weapons to employ but i'm confident with the israeli force system to deal with the egyptian air force. what concerns me is delivering more abrams tanks and there is over 200 abrams tanks going to the egyptian that would steam roll through the desert and be a threat to israel's southern flank. i don't think we should allow that to happen. >> sean: remember israel was surrounded on all sides. the
. >> sean: we're giving these jets free and tanks free and giving them $1.5 billion tax payer dollars. >>> we have to understand it's not a theology, it's an ideology and historically it's been militant. any time you have an islamic theocracy, it is going to not be tolerant of western secularism and it's going to be oppressive. they are very open about declared aggressiveness of being an enemy to our way of life. so why do we want to aid our enemies? >> sean: we aided him...
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Jan 29, 2013
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by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great legs, is it time to get out of bonds? >> yes, some investors, larry, have to be in bonds, they're benchmarked, certain liquidity and credit restraints. they have to be in treasuries. as an individual investor, you'd want to stay away from bonds. and if you were a speculative investor, you'd want a short bonds. there's no value in the treasury market. with nominal gdp even at 4% let alone the possibility we could accelerate to five. they don't belong at 2%, really somewhere over 4%. they won't get to 4% until the fed actually
by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great...
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Jan 24, 2013
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than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio. if takers were just welfare recipients it was 2%. i have to tell you nobody ever won an election demonizing such a small percentage of americans. well, hardly anyone. [ laughter ] the idea that republicans characterized even social security and medicare as halmakes of a takers society -- hallmarks of a taker society i'll let the speakers describe it. >> we built it. >> you better bel
than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul...
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Jan 28, 2013
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in other words, if you're going to cut taxes you cut taxes nationally. you cut rates. you don't target. there's -- the fargetting and particularly this is true at the state and local level, the targeting is where giveaways takes place and targeting is where you play with -- you play -- you figure out ways to appeal to people, right? so what that means is if you're at a time when broad-based tax cuts is no longer a realistic strategy, then the only way to get past where we are now is through economic growth, right? that -- economic growth is the only solution, private sector economic growth is the only solution to refilling government coffers so that the money doesn't have to come directly from the taxpayer and reducing the debt and reducing the deficit under those conditions. now here's where it gets interesting, because the republican solutions to economic growth widely and understandably has been tax cuts. that is -- that is the policy that has been. now what if the republican solution is, i think the first person to lay out succinctly as anybody is a series of gover
in other words, if you're going to cut taxes you cut taxes nationally. you cut rates. you don't target. there's -- the fargetting and particularly this is true at the state and local level, the targeting is where giveaways takes place and targeting is where you play with -- you play -- you figure out ways to appeal to people, right? so what that means is if you're at a time when broad-based tax cuts is no longer a realistic strategy, then the only way to get past where we are now is through...
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Jan 31, 2013
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if we're going to cut taxes say how you pay for it before you vote to cut taxes. and that's what we haven't done. >> all right. congressman, thank you so much for joining us. >> thank you. >>> and up next, as much as the debt kreeling is a bunch of make believe, allegedly there are a lot of actual conservatives on college campuses. >> true story. >> i don't believe it. do you? >> i believe it. ...so as you cs customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> he does exist. >> they do exist. >> this next segment reminded our stellar producer brian of that commercial when santa discovered walking and talking m&ms do in exact exist. it's time to debunk that same political myth about th
if we're going to cut taxes say how you pay for it before you vote to cut taxes. and that's what we haven't done. >> all right. congressman, thank you so much for joining us. >> thank you. >>> and up next, as much as the debt kreeling is a bunch of make believe, allegedly there are a lot of actual conservatives on college campuses. >> true story. >> i don't believe it. do you? >> i believe it. ...so as you cs customer satisfaction is at 97%. mmmm tasty....
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Jan 25, 2013
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the tax code. the tax code is preferential for some people in some income levels and some circumstances and then other people talk about the marriage penalty under the tax code and it's not preferential. so i will stay away from the tax code, because the tax code is extremely confusing. and i don't think it's the real issue here. i'd love to see the tax code issue resolved. in the meantime, i'm much more interested in seeing lesbian and gay families be recognized and treated fairly by the government. host: president in his inaugural address earlier this week addressed the issue. the first time the word gay was used in an inaugural address. here's a portion of his speech. [video clip] >> we the people declare today that the most evident of truths that all of us are created equal is the star that guides us still just as it guided our forebears through seneca falls and selma and stone wall, just as it guided all those men and women who left footprints along this great mall to hear a preacher say that
the tax code. the tax code is preferential for some people in some income levels and some circumstances and then other people talk about the marriage penalty under the tax code and it's not preferential. so i will stay away from the tax code, because the tax code is extremely confusing. and i don't think it's the real issue here. i'd love to see the tax code issue resolved. in the meantime, i'm much more interested in seeing lesbian and gay families be recognized and treated fairly by the...
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Jan 30, 2013
01/13
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CURRENT
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so that gets taxed. don't get me wrong the seattle seahawks, the pittsburgh steelers, they get taxed but the nfl makes all this money every year, and that does not get taxed. what do they use the money for? paying their executives. of course, it's america. commissioner rog good deal makes $11.6 million. and vp of media gets more than the commissioner, $12.2 million. the former communicationer tagliabue still gets $8.5 million. and look at the nfl much more higher than that. let's bring an expert on this. david goodfriend. good to talk to you. i haven't talked to you in a while. >> you too cenk. thanks for having me on into absolutely. tell me how they're getting away with this. >> this goats to sports leagues getting tremendous public subsidies. don't stop with the tax code. take a look, for example at antitrust laws in the united states. there is an explicit exemption for professional sports leagues. they can negotiate a contract with broadcasters high school colluding to get together--while colluding t
so that gets taxed. don't get me wrong the seattle seahawks, the pittsburgh steelers, they get taxed but the nfl makes all this money every year, and that does not get taxed. what do they use the money for? paying their executives. of course, it's america. commissioner rog good deal makes $11.6 million. and vp of media gets more than the commissioner, $12.2 million. the former communicationer tagliabue still gets $8.5 million. and look at the nfl much more higher than that. let's bring an...
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Jan 30, 2013
01/13
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you know, and i believe we should have a higher tax base and higher tax rates and close loopholes so we can afford to do the things that we desperately need to do. and disaster relief is one of those things. >> think about this. they want to be mean to the people on the east coast that went through sandy. so the next time this is a tornado down in tennessee, senator corker, or mr. sessions, down in alabama, or pick any senator, mr. grassley, there might be a drought in the state of iowa some time and he might want some disaster relief. >> sure. >> maybe we'll just turn to your residents to make sure that we raise your taxes so we can give these offsets, so we can do these disaster relief. i mean, the fabric of the country is being torn by this leadership in the republican party. what is mitch mcconnell thinking? >> it is. >> he's got to be facing a primary. as far as mcconnell goes, will we see the gop try to repair itself any time soon? >> you're right, he is thinking about a primary challenge. that's all any of them care about. they also aren't fond of those two -- those fantastic
you know, and i believe we should have a higher tax base and higher tax rates and close loopholes so we can afford to do the things that we desperately need to do. and disaster relief is one of those things. >> think about this. they want to be mean to the people on the east coast that went through sandy. so the next time this is a tornado down in tennessee, senator corker, or mr. sessions, down in alabama, or pick any senator, mr. grassley, there might be a drought in the state of iowa...
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Jan 25, 2013
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nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta: what would be the reason, folks from deeper into the state away from nevada, but if you live on the border of california, unless you're really wedded to your house, why not move the mile into nevada and save yourself 13.3%? >> absolutely. absolutely. >> when does it make sense? suppose i have a business in california and i'm thinking of selling my business, should i move to inform nenevada before it or stuck paying the taxes no matter what. >> depends on the sale. if you're selling stock in the business, for example, you could very well become a non-resident of california
nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta:...